Need advice on 401K rollover
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Thread created 02-04-2013 by Tekno9000
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I think you should look at rolling over the 401k to an account that gives a bonus. I rolled over a small 401k to OptionsHouse. It is ok for an online broker. The fees are rock bottom, but I am still...
Need advice on 401K rollover
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Thread created 02-04-2013 by Tekno9000
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The ability to roll an old 401k into a new 401k is determined by the plan documents of the new 401k. You will need to check with the custodian of the new 401k to see if it is allowed.
Concerning...
Need advice on 401K rollover
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Thread created 02-04-2013 by Tekno9000
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Does it need to be a 2 step process?
401k ->Traditional IRA Rollover
Traditional IRA -> Roth IRA
Need advice on 401K rollover
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Thread created 02-04-2013 by Tekno9000
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Yes you can. There is nothing complicated about it; nothing different then going to a Traditional IRA other than owing taxes.
Need advice on 401K rollover
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Thread created 02-04-2013 by Tekno9000
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I've done this a few times.
I'd go with Vanguard, a straight rollover.
Whatever advice Brian1 gives you in this thread is the advice you should follow. Just hold for that.
Need advice on 401K rollover
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Thread created 02-04-2013 by Tekno9000
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Most do it that way because that is the "normal" route, but there is no reason to if your intention is to convert it anyway. Just know that you will owe taxes on the full amount. If that is too much...
Need advice on 401K rollover
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Thread created 02-04-2013 by Tekno9000
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Can you rollover a 401k into an existing Roth IRA? I know you can roll it over into a traditional and then convert that to a Roth, but can you merge it into an existing account?
Need advice on 401K rollover
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Thread created 02-04-2013 by Tekno9000
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Waiting for Brian1............:)
Need advice on 401K rollover
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Thread created 02-04-2013 by Tekno9000
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10 Replies
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If it were me, unless you're planning to retire between age 55 and 59 1/2, I'd simply roll it over into a Roth IRA. You'll typically have more options of funds available and your expenses will more...
Need advice on 401K rollover
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Thread created 02-04-2013 by Tekno9000
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I was laid off from my previous job and I still have my 401K with the previous company. I got another job and am enrolled in their 401K this week. I am looking for better opportunity; hence don’t...
Need advice on 401K rollover
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Thread created 02-04-2013 by Tekno9000
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If the 401k provider will send the check directly to the IRA provider then that is certainly preferred, but in my experience most plans stipulate that any distribution check be sent to the...
